At 10:34 hours IST - the 50-share NSE Nifty has been taking huge beating for fourth consecutive day - Tuesday started with Korean fears and since Wednesday fall began due to housing finance scam. The Index was consistently getting hammered due to fall in stocks related to scam; slipped below 5700 level. The Sensex broke the 19000 mark.
The markets is going to see highest ever turnover today; it already crossed average daily turnover in the first hour of trading. Total traded turnover on exchanges stood at Rs 1,68,360 crore so far. This included Rs 1,61,848 crore from NSE F&O segment, Rs 4,985 crore from NSE cash and the rest of Rs 1,528 crore from BSE cash segment.
Realty and infrastructure companies' shares were witnessing huge selling pressure followed by cement, banking, healthcare, auto, metal, telecom and cement. Heavyweight Reliance Industries slipped 1%.
However, TCS, SAIL, SBI, ONGC, Infosys, HCL Tech, L&T, HUL, Siemens and Wipro were the only gainers on Nifty, which managed to cap losses to some extent.
The Sensex was trading at 18992, down 325 points and the Nifty was at 5698, down 101 points. The broader indices were completely on bears' radar; BSE Midcap and Smallcap indices tumbled 5-5..5%. About 56 shares advanced while 1245 shares declined. However, the Nifty December futures were trading at 45 points premium.
In midcap space, KGN Industries, Alfa Laval, Wyeth, Patni Computer and Responsive Ind gained 0.8-2.8%.
However, Core Projects crashed 34.82% (It is in F&O, so no circuit limit), Amtek Auto, Parsvnath and Shree Ashtavinayak went down 20% each. Pipavav Shipyard fell 17%.
In smallcap space, Rollatainers, Subhkam Capital, Centrum Finance, Shree Nath Comm and Camlin were up 3.8-5.5%.
However, Amtek India lost 19.94%. Murli, LGS Global, Goenka Diamond and Karuturi Global crashed 16-18%.
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